For over 90 years, we’ve earned an outstanding reputation for knowledge, accuracy and delivering consistently sound advice for real estate firms and their owners. Our experience and insight about real estate accounting can help you meet compliance and reporting standards and make timely, strategic financial decisions to grow your company and position yourself for the future.
Tracking and accounting for the myriad financial transactions your real estate company processes can be a tedious and error prone task. Mordfin's Real Estate accounting specialists can assist your company in maintaining complete, accurate and up-to-date financial records, with a focus on Real Estate industry vertical specific accounting processes, regulations and compliance needs.
Preparing financial statements can be simple or complex depending on the size of your company. Some statements need footnote disclosures while other can be presented without any. Details like this generally depend on the purpose of the financial statements. For instance, banks often want basic financials to verify the a company can pay its debts, while the SEC required audited financial statements from all public companies.
A 1031 Exchange allows an investor to sell a property, reinvest the proceeds into a new property, and defer all capital gains taxes. When executed properly, this unique IRC clause helps investors facilitate significant portfolio growth and increased return on investment. Morfin's Real Estate specialists are experts in 1031 Exchange planning and execution, helping Real Estate firms navigate this important process.
A cost segregation study is a detailed engineering based study that documents the acceleration of depreciated deductions for owners of commercial real estate and tenants who have invested in leasehold improvements. Our dedicated staff identifies and reallocates eligible assets into IRS-defined modified cost recovery system 5, 7 and 15 year cost recovery periods, significantly shorter than the conventional 39-year period associated with commercial real estate. After consulting with our client to fully understand the project’s goals, Mordfin’s staff will then suggest different combinations of tax strategies with supporting studies to execute on those strategies.
Perhaps the most important business responsibility is seeing that taxes are collected, and paid at the proper time to local, state and federal authorities. Morfin's Real Estate specialists will assist your company to understand, prepare and file monthly, quarterly and annual payroll, sales and corporate reporting, and income tax returns.
Real Estate companies have unique filings that Mordfin's accounting experts know like the back of their hand. Whether you're filing Certiorari's, RPIE's or Cost Certifications, we can assist you to gather the proper information, fill out your forms, and file in time to meet any deadlines.
We'll work with you to develop a comprehensive financial plan based on your unique needs and long-term vision for your Real Estate company.
We serve clients throughout the Tri-State area. And we’re available whenever you need help or advice.
We can meet with you in our office or yours, and we can work remotely, assuring your sensitive data is securely protected.
Find out more. Contact us to schedule a complimentary meeting to discuss your business and how Mordfin Group can
help you turn challenges into opportunities to reach your goals.